The transaction will allow Purpose to “reimagine the role we will play in our industry,” says Som Seif
Intensifying M&A activity will lead to “largest competitive realignment” in this industry, new Casey Quirk report suggests
At least 40% of North American life insurers now have affiliated asset managers
The financial giant has let 400 advisors and 80 administrative staff go in recent months
A new report finds that women- and minority-owned firms in the mutual fund business are slowly increasing their share of AUM
The international ESG agreement has more than 1,700 signatories from 50 countries
Forthcoming new rules in Europe to encourage the unbundling of trading commissions and investment research will also impact most U.S. asset managers
Staff count will be halved as company focuses on precious metals and natural resources
The shift to passive strategies has added competitive pressure to active managers, which has been further exacerbated by regulatory changes, Fitch report suggests
Baillie Gifford, Phillips, Hager & North and PIMCO distinguished themselves by building strong relationships, Greenwich says